The Bank of New York (BNY) formed a strategic alliance with Wilshire in 2004, before its merger with Mellon Financial Corporation in July 2007, the firms explained in a press release. Under the expanded agreement, all BNY Mellon clients will have access to daily security level factor-based performance attribution, risk, and characteristics for equity, fixed income, and total plan assets.
Clients will also have online access to the Wilshire Trust Universe Comparison Service platform, and will benefit from having an outsourced solution for their data management, production, and support challenges, the announcement said.
“Wilshire’s advanced attribution and analytics offerings provide the perfect complement to our powerful performance measurement and analytical capabilities, enabling us to offer a more compelling and holistic solution to global institutional clients,” said Gerald L. Hassell, president of The Bank of New York Mellon, in the announcement. “Our relationship with Wilshire has been an outstanding success, and we are delighted to extend our alliance so that all our clients can reap the benefits.”